Category Archives: Blog

Managing Real Estate Assets …

MANAGING REAL ESTATE ASSETS If the Deceased owns a house or other real estate, there are some basic steps you will want to take immediately to ensure the security of the real estate asset(s). Consulting a a lawyer about these … Continue reading

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New Mortgage Stress Test – Buyer Issues with Mortgage Financing

BUYER ISSUES WITH MORTGAGE FINANCING With Canadians taking on ever bigger mortgages, the Federal Government introduced new “Stress Test” mortgage rules in 2018.  In addition to financially qualifying for your mortgage now, you must also qualify for the amount of … Continue reading

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Beneficiary Rights …

WHAT ARE A BENEFICIARY’S RIGHTS? If you are the beneficiary of an estate, what information should you expect from the executor / estate trustee and what happens from your perspective as a beneficiary? First of all, in Ontario there is … Continue reading

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Estate Planning – Incorporating Your Business

INCORPORATING YOUR BUSINESS AS AN ESTATE PLAN There are several aspects of incorporating your business that can become important when estate planning is considered. The structure of your business incorporation and your plans for your shares after your death should … Continue reading

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Corporate Executor – When to Use One

IS A CORPORATE EXECUTOR RIGHT FOR YOU? When you prepare your Will you will need to select one or more executors to administer your estate . People will often select their spouse as their initial executor and their children as their alternate … Continue reading

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ODSP Eligibility and Assets

ASSET IMPACT ON ODSP INCOME The Ontario Disability Support Program provides eligible people with disabilities with income support to pay for living expenses such as food and housing. Eligibility for this program, as well as the amount of income support … Continue reading

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Assuming Rental Items in a House Purchase

RENTAL ITEMS AND A HOUSE PURCHASE In Ontario, it is not unusual to find rental items in a home that is being sold. Such items may include the hot water tank or an alarm system. It is also common for … Continue reading

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The Importance of Power of Attorney for Property …

WHY YOU NEED A POWER OF ATTORNEY FOR PROPERTY A Power of Attorney for Property appoints one or more people to act for you (they are called Attorneys, even though they may not be lawyers) in relation to your various … Continue reading

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Lawyers and their support team working remotely

LOGMEIN REMOTE WORK SOLUTION LogMeIn is a computer application that allows you to remotely control a computer. If you have LogMeIn installed on your office computer, you can remotely access and control that computer from any other computer that also … Continue reading

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Collection of Probate Tax … Executors Beware!

IMPORTANT STEPS AND THE COLLECTION OF PROBATE TAX On January 1 2013 the amendments to the Ontario Estate Administration Tax (EAT and commonly known as Probate Tax) announced in the 2011 Ontario Budget became effective. There have been several audits … Continue reading

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